Finally a good start into 2019 after a crazy december 2018
they key with margin is that you need 25k but when you have 30k or 20k that is not enough for daytrading good overr the long run...so i trade with 50k all the time since 3 years...with margin i can trade scalp for seconds with 100k or 120k or so...so daily goal is to send me to profit that is above 500 i withdraw from my trading account to my saving account that is not at ameritrade. For example i start always with 49800.- (its purpose that it is not 50k) so when i reach over 50300.- or more
i get my daily weekly salary....if am below...right now i fell to 43k i must climbe up again to over 49800.- to get some more profit...but like this your 200k profit is protected.....mentally a big advantage as i made every year now 120k with 50k ..just with $100 - $200 - $300 scalping profit...small profit adds up
trading small caps $1 - $15 share price...50k is way enough as you can move those stocks even with 20k buys sometimes..or so
Nice. Thank you for the info. Have a great new year !
for new stocks i use www.finviz.com and charts only www.stockcharts.com you dont need more stocks only go up or down ..50% chance to see where it moves intraday...great or...better than loosing it all in a casino where mostly the bank wins..lol ..cant wait till monday yes
Wow 2 Karmas .. i thinks its easier to make money than to get karmas...lol
Keep digging, keep learning. Don’t set time limits for things like recovering losses, you will force yourself into trades. This takes time. You need to have realistic expectations. Don’t give up!
it takes time and more money to make money...but still it will be a long journey for many traders.. ..i just wrote a blog about scalping...but that is more for advanced traders that already make money but maybe not constantly
this dudes going down in flames quick
I'd be interested in getting more detailed information. Awesome information you shared! Thanks Mason!
Mark Douglas Trading in the Zone